Gonser Law was successful in obtaining a substantial settlement for its elderly investor clients prior to the initiation of a formal legal action on their behalf. Through a series of communications and negotiation, Gonser Law was able to negotiate a sizeable settlement for its client in connection with unsuitable stock investments which carried far too much risk given the investors’ age, financial profile and risk tolerance.

Bob Gonser obtained an $845,000 settlement prior to the filing of a Statement of Claim for an 84 year old woman who was poorly advised to invest her assets into two TIC programs as part of a 1031 exchange from the sale of an apartment complex in California she owned and managed for 40 years. Sold under the guise the TIC investments were safe and secure and would provide a steady stream of income in her retirement and protect her principal, none of the inherent risks of these TIC investments were explained to this elderly client who clearly lacked the investment sophistication to understand the complexities and extraordinary risks associated with TICs. When the underlying TIC properties failed and stopped paying distributions, nearly her entire net worth was wiped out. Bob Gonser successfully argued that the TIC investments were unsuitable for her in light of her financial situation, assets and goals at the time of the transaction, and, more importantly, no effort was made to set aside assets to provide for her in the event these TIC investments failed to perform.

Bob Gonser ’s clients obtained a $1.7 million settlement involving the proceeds from a 1031 exchange which were invested into four unsuitable and high risk TIC programs. The TICs were sold pursuant to the misrepresentations the clients would receive monthly distributions and ultimately the underlying TIC properties would sell at a profit. Bob Gonser mediated the case and negotiated the sizeable settlement with the responsible broker dealer less than 10 months after filing the FINRA claim.

Bob Gonser ‘s client was awarded $3.9 million, which included 100% of the losses, as well as interest, attorney’s fees and costs. An experienced investor received fraudulent portfolio reports from his broker, which were sent from a national brokerage firm’s branch office. The fraudulent portfolio reports were used by the broker to conceal his unauthorized trading in the investor’s account. After six days of hearings, the panel of three Pacific Exchange arbitrators found that the broker had committed fraud, and that the national brokerage firm failed to adequately supervise the broker.

Bob Gonser negotiated over $2 million in settlements. Our firm was retained by several employees of a major technology company who were solicited by a broker with a national brokerage firm to exercise thousands of incentive stock options of a high profile technology company on margin. The subsequent decline of the major technology company’s stock resulted in millions of dollars in damages, from the decline of the stock, margin interest, and commissions. In many instances, the broker took discretion in the accounts without written authorization and transacted numerous unauthorized trades resulting in additional losses.

Bob Gonser represented a non-profit organization that had been sold unsuitable manufactured housing bonds through material misrepresentations and omissions. After seven days of arbitration in Los Angeles, the non-profit was awarded damages and costs of $1.2 million.

A panel at the Pacific Exchange awarded over $1.2 million in damages and interest to four employees of Cisco Systems who incurred damages in their national brokerage firm’s accounts as a result of their broker’s recommendation to exercise thousands of non-qualified Cisco stock options utilizing margin. The subsequent decline of the price of the Cisco shares resulted in hundreds of thousands of dollars in damages in the form of the decline of the stock and margin interest. The Pacific Exchange arbitration panel assessed liability for breach of fiduciary duty, failure to supervise, unauthorized trades and breach of contract.

Defeating Respondents’ motion to dismiss pursuant to the FINRA 6-year eligibility rule, Bob Gonser went on settle their 60 year old client’s claims against his broker dealers for mismanagement and over-concentration of his portfolio in illiquid high risk securities. As client’s registered representatives failed to appear in the FINRA matter, Bob Gonser filed a motion for default and motion barring the representatives from presenting defenses at hearing. The FINRA panel found the registered representatives jointly and severally liable and awarded compensatory damages, interest and attorneys’ fees to Claimant.

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Testimonials

Bob: I just wanted to send you a note now that all this is behind us, to let you know how much we appreciate your effort on our behalf. If it was not for you, we would never have been able to recover anything from our broker/dealer. My sincere thanks for all your help.

J.B., California

Bob: You should feel proud of your professional performance in handling my mother’s securities arbitration case earlier this year. My family and I extend our personal thanks to you and Marie for your hard work to make our case a success. We were extremely pleased with your performance.

G.B., North Carolina

Through your hard work and smarts, you secured a good settlement for me. I would never have been able to recover a penny without your help. I thanked you at the time, but just wanted to be sure you know how grateful I remain.

C.O., California

Thank you so much for the result. We got the result that was better than expected. It was a long journey and was worth the fight.

P.K., Illinois

Thank you for all you have done to make things easier during this difficult time. We were lucky to have you on our team.

L.T., CALIFORNIA

On behalf of my family, we wanted to again Thank You for helping us in regard to our case. During some very stressful times you were always there to answer questions and put everything back into perspective. I felt a great level of comfort having you handle our case. You are very good at what you do.

A.L., Minnesota

Bob-My brother Dick, myself and especially my Mom want to thank you for all your hard work. We appreciate your candid appraisals of where our case stood as process evolved. We feel that realistically you achieved all that was possible considering all factors… Thank you.

D.P., California

Thank you so much for all your efforts on my behalf. It was a pleasure to be represented by a kind, professional and passionate legal team during a challenging time for my family and me.

V.D., CALIFORNIA

Bob took my case on a contingency basis, which was important to me because I had lost everything in the bad investments my securities broker had recommended. Bob successfully argued in mediation, and got me a sizable reward. I would absolutely recommend Bob, especially for FINRA related cases.

Joe B.

Thank you for all you have done to make things easier during this difficult time. We were lucky to have you on our team. We were also very blessed to have the staff support that you provide with your services.

L.T

We appreciated Bob Gonser’s professional advice and support in handling our case and were impressed with his vast knowledge of our securities investments. Through Bob’s guidance, we were able to obtain a pleasing settlement without having to endure the stress of a hearing…

A.P., Maryland

Welcome

Robert Gonser, founder of Gonser Law PC has depth of experience in the practice of securities arbitration. Gonser Law represents aggrieved investors in a variety of disputes related to losses sustained in their brokerage accounts as a result of wrongdoing, mismanagement and fraud by their stockbrokers, brokerage firms, and investment advisors. Since 1990, Mr. Gonser has recovered millions of dollars in awards and settlements on behalf of hundreds of investors who were solicited to invest irreplaceable assets into unsuitable securities, placing their entire life savings at risk.

Clients Rely on Gonser Law PC:

To Protect their interests in securities-related disputes that are required to be resolved in binding arbitration.

To Maximize recoveries, including by accessing insurance coverage from financial advisory firms throughout the country.

To Handle their cases with in-depth knowledge of securities, regulatory policies, and procedures.

To Achieve significant recoveries of their investment losses.

As experienced securities arbitration and litigation lawyers, we know how to succeed and have an excellent track record of awards and settlements for clients in the following areas:

Testimonials

Bob: I just wanted to send you a note now that all this is behind us, to let you know how much we appreciate your effort on our behalf. If it was not for you, we would never have been able to recover anything from our broker/dealer. My sincere thanks for all your help.

J.B., California

Bob took my case on a contingency basis, which was important to me because I had lost everything in the bad investments my securities broker had recommended. Bob successfully argued in mediation, and got me a sizable reward. I would absolutely recommend Bob, especially for FINRA related cases.

Joe B.

Bob: You should feel proud of your professional performance in handling my mother’s securities arbitration case earlier this year. My family and I extend our personal thanks to you and Marie for your hard work to make our case a success. We were extremely pleased with your performance.

G.B., North Carolina

Through your hard work and smarts, you secured a good settlement for me. I would never have been able to recover a penny without your help. I thanked you at the time, but just wanted to be sure you know how grateful I remain.

C.O., California

Thank you so much for the result. We got the result that was better than expected. It was a long journey and was worth the fight.

P.K., Illinois

Thank you for all you have done to make things easier during this difficult time. We were lucky to have you on our team.

L.T., CALIFORNIA

On behalf of my family, we wanted to again Thank You for helping us in regard to our case. During some very stressful times you were always there to answer questions and put everything back into perspective. I felt a great level of comfort having you handle our case. You are very good at what you do.

A.L., Minnesota

Bob-My brother Dick, myself and especially my Mom want to thank you for all your hard work. We appreciate your candid appraisals of where our case stood as process evolved. We feel that realistically you achieved all that was possible considering all factors… Thank you.

D.P., California

Thank you so much for all your efforts on my behalf. It was a pleasure to be represented by a kind, professional and passionate legal team during a challenging time for my family and me.

V.D., CALIFORNIA

Thank you for all you have done to make things easier during this difficult time. We were lucky to have you on our team. We were also very blessed to have the staff support that you provide with your services.

LPL settled charged in connection with the offer and sale of Non-Traded REIT’s. The investigation stemmed from the complaint filed by the Commonwealth of Massachusetts Securities Division into similar non-traded REIT sales practices with other broker-dealers. [Read More…]